What is the Best Bitcoin Wallet?

Look, there should be no debate that the best Bitcoin wallet is a hardware wallet in the first place. It’s by far more secure than keeping crypto funds with software wallets or online wallets like Coinbase.

It is true that it costs money; for example, Nano Ledger S costs around $60, but when assessing the features and possibilities, a hardware wallet is the best option because of its security features.

For those who are new to this, let us see the main Bitcoin wallet types so that you could understand how hardware wallets are different. There are four main types of wallets:

Online wallet – the best examples are Coinbase and Blockchain info (do not confuse it with the blockchain technology). You can access these wallets via browser. The bad news is that these wallets are the most vulnerable ones since they can be hacked. There are many examples of wallet providers and crypto exchanges that were hacked, and Mt Gox is the most popular one (it was an exchange).

Software Wallet – this one is more secure, but once it is open through the Internet, it has some vulnerability anyway.

Paper wallet – this wallet resembles a credit card – it has the keys and addresses printed on it. It is actually safe, but it’s just a card.

Hardware wallet – finally, we got to hardware wallets. These are physical devices that can be attached to the computer. The main benefit of these wallets is that they store your funds offline, and they use the most sophisticated encryption methods.

From all the hardware wallets out there, I would say that Trezor and Nano Ledger S are the best ones, though I go for the second one. Some users complained about the high miner fees for Trezor, and the device itself is more expensive (around $100).

Ledger Nano S is probably the best Bitcoin Wallet that exists today.

The device has a metallic case for protection, is compact, has a screen, and comes with an intuitive app. You can choose from more miner-fee options.